Latest Expert Exchange Queries

Make your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: form 3cd :: ACCOUNTING STANDARD :: VAT RATES :: ACCOUNTING STANDARDS :: due date for vat payment :: articles on VAT and GST in India :: TDS :: cpt :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: list of goods taxed at 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: Central Excise rule to resale the machines to a new company :: VAT Audit :: TAX RATES - GOODS TAXABLE @ 4% :: empanelment
 
 
News Headlines »
 How to file tax return if you have two Form 16s
 10 things you should know about Form 26 AS
 How to file income tax return without Form 16
 How to rectify income tax returns
 Income-tax (21st Amendment) Rules, 2017
 Deadline for filing income tax return nears; here are 10 common mistakes that you must avoid
 All you need to know about form 26AS
 How to file income tax return?
 7 changes that affect income tax return filing this year
 How To File Income Tax Return (ITR) Online For FY2016-17? Last Date July 31
 Last date for filing income tax return approaches: What is Form 26AS? How it can help you claim refunds

Top Delhi companies disappoint, pay lower tax
December, 20th 2013

The advance corporate tax payout by top 100 Delhi-based companies reflected the general slowdown in the economy, with major firms such as NTPC Ltd, Bharat Heavy Electricals Ltd (BHEL), SAIL and Power Grid Corporation of India paying much less tax in the December quarter compared with the last year.

Earlier, top Mumbai companies recorded just eight per cent growth in the December quarter at Rs 21,630 crore against Rs 20,094 crore.

NTPC payout was down 36 per cent at Rs 665 crore as the power generator’s profitability suffered from rising coal prices. PowerGrid Corp’s tax payment was down 43 per cent at Rs 100 crore. On the contrary, Rural Electrification Corp’s outgo was up 30 per cent at Rs 546 crore against Rs 420 crore.

BHEL’s payment was down at Rs 524 crore (Rs 564 crore), while that of India Infrastructure Finance Co Ltd dipped 7 per cent to Rs 105 crore (Rs 112 crore). Mirroring the slowing demand, Steel Authority of India reduced its tax payment by 63 per cent to Rs 150 crore from Rs 406 crore.

Vedanta Group-owned Cairn Energy Hydrocarbons more than doubled its payment to Rs 393 crore (Rs 187 crore).

GAIL (India) Ltd paid Rs 480 crore, up from Rs 450 crore a year ago, while Petronet LNG’s outgo was down 74 per cent at Rs 46 crore.

IT company HCL Technologies Ltd’s payment was up 67 per cent at Rs 400 crore.

The tax remittances of Punjab National Bank and Oriental Bank of Commerce were up at Rs 535 crore (Rs 450 crore) and Rs 115 crore (Rs 100 crore), respectively.

Automobile companies Maruti Suzuki India Ltd and Hero MotoCorp Ltd increased their payment by 15 per cent and 60 per cent to Rs 230 crore and Rs 193 crore, respectively.

Bharti Airtel Ltd nearly trebled its payment to Rs 278 crore (Rs 100 crore) and Samsung India Electronics’ was up 70 per cent at Rs 405 crore.

Remittance by Nokia India, which is fighting a long-winding case with the Income Tax Department, was down 75 per cent at Rs 20 crore.

Nestle and Dabur India paid 26 per cent and 29 per cent more at Rs 180 crore and Rs 58 crore, respectively.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Experience

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions